Seven of the world's largest collective management organizations improved their 2022 collections by an average of 19.4%.
The closely watched Goldman Sachs "Music in the Air" report lowered previous forecasts for recorded music and streaming revenue.
While TV/film continues to struggle with piracy, for music it's hardly the problem it once was thanks to the industry's approach to streaming.
Thanks to a higher streaming growth rate and hits from artists like Taylor Swift and Morgan Wallen, consumption was up 13.8% in the first 20 weeks of the year.
Top executives at public touring and ticket companies have been saying post-pandemic demand remains strong and isn't showing signs of letting up.
Newly delisted from the New York Stock Exchange, the radio giant's problems also stem from debt taken on following its 2017 merger with CBS Radio.
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
By improving the descriptive data underlying music, streaming services can provide a better user experience and grow the average subscriber’s lifetime value.
Catering to classical music fans required building an entirely new product -- and reimagining how music streaming works.
Following its CEO's contentious testimony, the platform - and the music industry - face several uncertain possibilities as lawmakers seem intent on a crackdown.
